Amec Foster Wheeler PLC (AMEC) Rating Lowered to Underperform at BNP Paribas
Amec Foster Wheeler PLC (LON:AMEC) was downgraded by stock analysts at BNP Paribas to an “underperform” rating in a research note issued on Monday. They currently have a GBX 395 ($4.94) target price on the stock, down from their previous target price of GBX 505 ($6.31). BNP Paribas’ price target points to a potential downside of 62.67% from the stock’s current price.
Several other research firms have also weighed in on AMEC. Credit Suisse Group AG restated an “underperform” rating and set a GBX 450 ($5.62) target price on shares of Amec Foster Wheeler PLC in a report on Friday, October 7th. Macquarie lifted their target price on shares of Amec Foster Wheeler PLC from GBX 430 ($5.37) to GBX 460 ($5.75) and gave the company an “underperform” rating in a report on Friday, September 30th. Barclays PLC restated an “overweight” rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Morgan Stanley upgraded shares of Amec Foster Wheeler PLC to an “overweight” rating and lifted their target price for the company from GBX 500 ($6.25) to GBX 700 ($8.75) in a report on Friday, August 26th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 691.10 ($8.63) target price on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 490.64 ($6.13).
Amec Foster Wheeler PLC Company Profile
Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets. The Company’s segments include Americas; Northern Europe and CIS (NECIS); Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services.
Receive News & Stock Ratings for Amec Foster Wheeler PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amec Foster Wheeler PLC and related stocks with our FREE daily email newsletter.